Digital Asset ETPs Draw $1.07B Net Inflows Last Week, Ending Four-Week Outflow Streak
Digital asset exchange-traded products attracted $1.07 billion in net inflows last week, ending a four-week outflow streak, CoinShares reported on Dec. 1. The U.S. led with nearly $1 billion in inflows despite subdued Thanksgiving week trading volumes. Bitcoin drew $464 million, while Ethereum and XRP recorded $309 million and a record $289 million respectively. CoinShares attributed the renewed investor interest to expectations of Federal Reserve rate cuts following remarks by Fed member John Williams.